Stocks to Watch: C, GS, KO & More
Take a look at some of Tuesday's morning movers:
Citigroup - In a surprise move, Vikram Pandit announced he is stepping down as CEO. The board of directors named Michael Corbat its new chief executive. President and Chief Operating Officer John Havens also resigned.
Goldman Sachs - Goldman earned $2.85 per share for the third quarter, well above estimates of $2.12. Revenues were also above consensus, and Goldman raised its quarterly dividend to $0.50 per share from $0.46.
Coca-Cola - The beverage giant reported quarterly profit of $0.51 per share, excluding certain items, matching Street estimates. Both worldwide and North American case volume beat analyst projections.
Johnson & Johnson - The health care products company earned $1.25 per share, excluding certain items, four cents above estimates. Revenue also beat estimates for the first time in more than a year, and the company slightly boosted its profit view.
UnitedHealth Group - The newest Dow component is reporting third quarter profit of $1.50 per share, 16 cents above estimates, and is also raising its full year forecast. The health insurer says it's seeing strength across all its business units.
Mattel - The toymaker earned $1.04 per share for the third quarter, five cents above estimates, citing increases in sales as well as market share across its brand portfolio.
PNC - The bank earned $1.64 per share for the third quarter, five cents above estimates. PNC points to an increasing customer base as well as successful cost controls.
Domino's Pizza - Domino's earned $0.43 per share for its latest quarter, two cents above estimates, as same-store sales increased, as well as its international market share.
Priceline.com - CEO Jeffery Boyd will assume the additional role of chairman as of Jan. 1, when current chairman Ralph Bahna steps down.
Sprint - The stock has been upgraded to "neutral" from "underperform" at Baird, which points to benefits from Softbank's $20 billion cash infusion.
Bankrate - Bankrate is cutting its full year revenue outlook and is predicting current quarter results that are shy of Street estimates. The financial services company says its core mortgage and deposit business is still strong, but changes in its insurances leads business will have a short term impact on the bottom line.
Bridgepoint Education - Bridgepoint said it is the subject of a Justice Department investigation into the compensation of its admissions personnel. Bridgepoint is a for-profit college operator whose Ashford University was denied accreditation earlier this year for not complying with certain federal standards.
News Corp. - The company holds its annual meeting Tuesday, with pension giants CALPERS and CALSTRS reportedly pushing to remove CEO Rupert Murdoch from the chairman's role.
Yahoo - Yahoo has named Google executive Henrique de Castro as its new chief operating officer. De Castro had been vice president of Google's Partner Business Solutions Group.
CBS - President and chief executive officer Leslie Moonves has signed a new five year contract to remain in his job through 2017. His prior agreement had been scheduled to end in 2015.
CVS Caremark - CVS will pay $5.25 million to settle a drug pricing case with the Department of Justice. Investigators had alleged that a CVS subsidiary gave false information about generic drug pricing between 2007 and 2008. The allegations in question took place before CVS acquired the unit – RxAmerica – through its takeover of Longs Drugs.
Starbucks - Starbucks will begin selling its new Verismo coffee brewer today, as the coffee chain tries to grab a share of the single-serve market made famous by Green Mountain Coffee 's Keurig machines.
State Street - Some of the investment firm's largest shareholders are reportedly seeking the ouster of chief executive Jay Hooley, according to the Financial Times. The FT did not identify the shareholders but said the movement involved four of the 10 largest stakeholders.
Kroger - The supermarket operator's stock has been upgraded to "buy" from "hold" at Jefferies, which called the company "boring, but good" in its report. Jefferies says Kroger is continuing to see market share gains, likely at the expense of its peers.
Fossil - Citi has upgraded the fashion accessories maker's shares to "buy" from "neutral."
UPS - Baird has downgraded the stock to "neutral" from "outperform" because of limited near term catalysts for companies with international air freight exposure.
—By CNBC's Peter Schacknow
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